Ed-tech company upGrad’s subsidiary upGrad Rekrut has announced the acquisition of WOLVES India, a recruitment and staffing firm, for an undisclosed amount. Post the acquisition, WOLVES India will operate independently as a 100% subsidiary of upGrad Rekrut and strengthen its tech placement portfolio.
The Bengaluru-based seven-year-old WOLVES India specialises in placing high-quality tech talent across startups, along with mid and large-sized organisations in India and overseas. The company said, with 70 professionals, WOLVES has closed over 5000 placements in technology and product roles.
It also claims to have been addressing complex hiring challenges across the aero-space segment through its proprietary product – Quasara, thus helping global businesses to set up their offshore centres.
Commenting on the development, upGrad Co-founder & MD, Mayank Kumar said, “Our acquisitions reflect our commitment to drive career outcomes for our learners. While with upGrad Rekrut we saw our learners receiving record-breaking CTCs during FY22, the joining of WOLVES India will give us an edge in the tech ecosystem. It shall foster wider employment opportunities for our learners in the form of highly paid tech roles and enhanced career acceleration.”
upGrad, a leading ed-tech company of India, started in 2015. It is among the few ed-tech companies that have made technology-enabled education a reality.
Further, the company’s different upskilling and other courses spans college learner to the working professional from the age group of 18-50 years and across undergrad courses, campus & job linked programs, studying abroad, short form to executive programs to degrees, masters and doctoral. It has a learner base of more than 3 Mn across 100+ countries and over 300 university partners. Its clientele includes 1000 companies worldwide.
upGrad’s Global Learning Engine rests on four pillars – (a) its large repository of original & owned content and IP, (b) its own best-in-class proprietary tech platform, (c) its high-touch human-led delivery service backed by coaches & mentors, and (d) an 85% course completion track record, backed by a further 80% career outcomes guaranteed performance.
upGrad has offices in the UK, U.S., Middle East, India, Singapore & Vietnam, and with a presence in many more countries.
“We are thrilled to welcome Raghu and his team on board to partner with upGrad Rekrut to offer an enhanced placement portfolio, thus enabling upGrad learners with the Tech jobs of tomorrow. This aligns with our ambition of becoming the global talent superpower in the next few years,” said Ajay Shah, Managing Founder and Husain Tinwala, Co-founder of upGrad Rekrut.
upGrad said, WOLVES India will continue to operate independently under the leadership of its Founder and Director Raghu S.
He further added, “WOLVES’ passion lies in enabling the perfect matchmaking between corporations and the right set of talent through analytics, market research and innovative strategies. Therefore, I’m confident that WOLVES India will support upGrad to present world-class tech job opportunities to its learners and together with upGrad Rekrut create a market leader in Tech hiring.”